According to CoinMeta, Stefan Kupman, an economist at Rabobank in the Netherlands, stated in a report that the Bank of England is expected to raise interest rates at its rate decision on November 5th, with a voting outcome likely to be 7 to 2. LSEG data shows that the market currently expects a 98.6% probability of the Bank of England raising interest rates by 25 basis points next week. Kupman pointed out that energy inflation persists and is increasingly forcing the Monetary Policy Committee to take action, although there is currently a lack of evidence of price pressures having a broader second-round effect.